According to the latest assessment by cryptocurrency analytics firm CryptoQuant, the Bitcoin (BTC) market may have entered an early "stability" phase.
The company's analysis indicates a significant change in the behavior of long-term investors. Notably, the proportion of Bitcoin held for over a year has begun to rise again. This is seen as an initial signal of the market evolving from a speculative structure to one that relies more on long-term trust.
CryptoQuant's data shows that since mid-December, the 30-day trend has remained in a positive range, indicating that investors are more inclined to hold Bitcoin rather than sell. Analysts believe this trend marks an enhancement in the long-term expectations of market participants.
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The numbers also support this change. Since October, the amount of Bitcoin held for over a year has increased from 12 million BTC to 12.4 million BTC. Although the increase is still limited, a significant shift in market dynamics has begun to emerge.
Historically, the supply held by long-term investors decreases rapidly during market peaks and gradually increases during bear markets. In this context, the current increase is viewed as an early signal of supply shifting to more resilient holders, indicating market stabilization.
However, CryptoQuant emphasizes that this trend has a long-term structure. The analysis points out that such transitions evolve over time and should be assessed independently of short-term price fluctuations.